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PROVIDED RENDERING

SHAPING THE FUTURE: First Place AZ is a 501(c)(3) nonprofit working hard to ensure that housing options for people with autism and neurodiversities are as bountiful as they are for everyone else. First Place-Phoenix, located at 3001 N. Third St. in Phoenix, is a $15 million, 81,000-square-foot property opening to residents in early summer 2018.

PHOTO BY STEPHEN G. DREISESZUN, VIEWPOINT PHOTOGRAPHERS

GROUNDBREAKING FACILITY: First Place-Phoenix Founder Denise Resnik and Phoenix Mayor Greg Stanton join adults with autism in breaking ground on First Place-Phoenix. From right: Arizona Department of Housing Director Michael Trailor; First Place Capital Campaign Cabinet Member and former ULI Arizona Board Chair John Graham; and First Place Board Chair Sara Dial break ground with First Place Transition Academy participants.

THINGS TO REMEMBER There are some things nonprofits should be aware of and ready to do when they seek and receive donations to find a major project. In the event a nonprofit is offered a donation, it should know whether or not it’s a restricted or unrestricted donation. Brown says that the nonprofit should be ready to decline a donation offering with a restriction or condition that the nonprofit wouldn’t be able to properly follow through with. Otherwise the nonprofit’s trustees could be held personally liable for the money, Brown says. Nonprofits should also know the proper procedures for sending out a receipt for the donation. If the proper procedures aren’t followed for the receipt, the donor’s tax deduction could be declined and that could possibly lead to donors trying to get their donation back or asking the nonprofit to pay the losses from the tax deduction, Brown says. Nonprofits should make sure receipts follow all of the IRS rules, such as including the correct language and addressing it to the correct person, Brown says. And there’s one last piece of advice Brown offers to anyone looking to start a nonprofit: get a certified public accountant. Having a CPA on hand is critical, he emphasizes. “The IRS rules and regulations are very complex” Brown says, “and if you mess them up, it costs you money. And it may cost you donors and it may cost your donors money.”  AzBusiness Angels | 43

Profile for AZ Big Media

AzBusiness Angels January-June 2018  

The mission of Az Business Angels is to help create an alliance that will give new hope to nonprofits and inspire businesses to make it thei...

AzBusiness Angels January-June 2018  

The mission of Az Business Angels is to help create an alliance that will give new hope to nonprofits and inspire businesses to make it thei...